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Accenture PLC Class A (ACN): Today's Featured Technology Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Accenture PLC Class A (
ACN) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day down 0.2%. By the end of trading, Accenture PLC Class A fell $0.85 (-1.0%) to $80.55 on light volume. Throughout the day, 1,910,285 shares of Accenture PLC Class A exchanged hands as compared to its average daily volume of 3,247,400 shares. The stock ranged in price between $80.44-$81.50 after having opened the day at $81.33 as compared to the previous trading day's close of $81.40. Other companies within the Technology sector that declined today were:
Professional Diversity Network (
IPDN), down 27.2%,
Brightcove (
BCOV), down 20.4%,
Net Element (
NETE), down 10.7% and
Intermolecular (
IMI), down 10.2%.

Accenture plc provides management consulting, technology, and business process outsourcing (BPO) services worldwide. The company operates through Communications, Media & Technology; Financial Services; Health & Public Service; Products; and Resources segments. Accenture PLC Class A has a market cap of $51.7 billion and is part of the computer software & services industry. The company has a P/E ratio of 16.2, below the S&P 500 P/E ratio of 17.7. Shares are down 1.0% year to date as of the close of trading on Friday. Currently there are 9 analysts that rate Accenture PLC Class A a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates
Accenture PLC Class A as a
buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins.